GDP excludes:
A)the market value of household production.
B)the production of illegal goods.
C)off-the-books production.
D)all of the above.

Question

Quizplus · Accepted Answer

GDP only counts market production, so it excludes household production (A) and off-the-books production (C). It also excludes the production of illegal goods (B) because illegal goods are not counted as part of the market economy. Therefore, all of the above choices are excluded from GDP.

GDP Excludes